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Follow on Google News | Family Dollar Stores, Inc. Securities LitigationFamily Dollar Stores, Inc. shareholder litigation in connection with alleged unfair takeover offer
By: Joanna Chlebus it has received an acquisition proposal from Trian Group, the investment firm of Nelson W. Peltz. Under the terms of the proposed transaction, Family Dollar stockholders would receive between $55 and $60 per share of Family Dollar stock they own. Trian Group currently owns approximately 8% of the outstanding Family Dollar stock. Trian has also indicated that it has asked FDO’s Chairman and CEO, Howard Levine, who owns 7.5% of FDO’s common stock, participate as an investor alongside the Trian Group. The investigation concerns whether the Family Dollar Board of Directors is adequately shopping the Company in order to obtain the best possible deal for Family Dollar’s shareholders. In particular, at least one analyst set a price target of $63 per share for Family Dollar stock. Contact : Joanna Chlebus Levi & Korsinsky, LLP 30 Broad St 15th Floor New York, NY 10004 212-363-7500 jchlebus@zlk.com http://www.zlk.com End
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